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<Research>JPM Predicts CN Bank 3Q25 Rev. & NP Growth Faster Than 1H25 but Shy of 2Q25
Recommend 21 Positive 32 Negative 21 |
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JPMorgan has released a report on Chinese banks predicting their 3Q25 revenue and net profit growth to be faster than 1H25 but slightly below 2Q25. Among them, state-owned banks are expected to record stable net profit growth, while the growth trend for joint-stock banks will be divergent. In the broker's estimate, ABC (01288.HK) will lead in earnings growth among state-owned banks, while PSBC (01658.HK) will have the highest earnings growth among joint-stock banks, benefiting from YoY growth in net interest income. Following behind will be CITIC BANK (00998.HK) and CM BANK (03968.HK). MINSHENG BANK (01988.HK) and PING AN BANK (000001.) may log a decline in their earnings. MINSHENG BANK is forecasted to be dragged down by provisions, while PING AN BANK is anticipated to record negative growth in both revenue and net profit. AAStocks Financial News |
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